Mr Lee Posted August 6, 2011 Posted August 6, 2011 Possibly even rougher waters ahead for the US. A negative outlook indicates the possibility that Moody's could downgrade the country's sovereign credit rating within a year or two. Link to comment Share on other sites More sharing options...
Art2ro Posted August 7, 2011 Posted August 7, 2011 It's scary that our U.S. currency won't be worth the paper it's printed on, which already is! :SugarwareZ-034: Link to comment Share on other sites More sharing options...
Jake Posted August 7, 2011 Posted August 7, 2011 I guess for a long, long time now the US economy was based on credit driven lifestyle.The US government sets that example by borrowing from Saudi Arabia and China. Andnow the credit bubble has burst. Hell, Washington DC can't even balance their owncheck book, while the fat cats in Wall street continue to sleep with the fat cats in DC.We are now seeing the after birth of that relationship. Respectfully -- Jake Link to comment Share on other sites More sharing options...
JJReyes Posted August 8, 2011 Posted August 8, 2011 Japan's debt is even larger than the United States as a percentage of GDP. No one really cares because most of their debt is borrowed from Japanese citizens and corporations. Link to comment Share on other sites More sharing options...
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